Talkspace, Inc. (NASDAQ:TALK) CFO Ian Jiro Harris Purchases 23,100 Shares

Talkspace, Inc. (NASDAQ:TALK) CFO Ian Jiro Harris bought 23,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $2.11 per share, for a total transaction of $48,741.00. Following the transaction, the chief financial officer now owns 397,657 shares in the company, valued at $839,056.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ian Jiro Harris also recently made the following trade(s):

• On Tuesday, September 17th, Ian Jiro Harris acquired 19,500 shares of Talkspace stock. The shares were bought at an average cost of $2.20 per share, for a total transaction of $42,900.00.

Talkspace Stock Performance

Shares of NASDAQ TALK traded up $0.06 during mid-day trading on Thursday, hitting $2.10. The stock had a trading volume of 2,243,497 shares, compared to its average volume of 1,424,683. The business has a 50 day moving average price of $1.91 and a two-hundred day moving average price of $2.55. Talkspace, Inc. has a 1 year low of $1.41 and a 1 year high of $3.92. The firm has a market cap of $356.34 million, a P/E ratio of -25.50 and a beta of 1.21.

Institutional Investors Weigh In On Talkspace

A number of large investors have recently added to or reduced their stakes in TALK. G2 Investment Partners Management LLC boosted its holdings in shares of Talkspace by 522.3% during the fourth quarter. G2 Investment Partners Management LLC now owns 2,874,417 shares of the company’s stock worth $7,301,000 after purchasing an additional 2,412,531 shares during the period. Shannon River Fund Management LLC purchased a new position in Talkspace during the 4th quarter valued at about $12,700,000. Vanguard Group Inc. raised its position in Talkspace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,885,681 shares of the company’s stock valued at $21,012,000 after purchasing an additional 84,933 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Talkspace by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,291,412 shares of the company’s stock worth $21,060,000 after buying an additional 123,738 shares during the period. Finally, Advisory Alpha LLC bought a new stake in shares of Talkspace in the 1st quarter worth approximately $296,000. Institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a research note on Tuesday, August 6th.

About Talkspace

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.